U.K. Watchdog Closes Lehman Case Against Auditor E&YJanuary 29, 2013Britain's accounting watchdog
declined to take any action against Ernst & Young (E&Y) over its
auditing of Lehman Brothers before the U.S. investment bank
failed in 2008 and triggered a near meltdown in global markets.
BofA's Moynihan Calls for Renewed Focus on CustomersJanuary 28, 2013Bank of America Corp must focus
on improving customer service as it moves past its crisis-era
problems, CEO Brian Moynihan said in a letter sent to employees,
signaling one of his strategies for boosting revenue at the
bank.
Non-Banks Take Early Lead in Mobile Wallet RaceJanuary 28, 2013A report from Carlisle & Gallagher finds that nontraditional financial institutions are the current mobile wallet frontrunners, though the battle is far from over.
Longtime Diebold CEO Swidarski Out After 17 YearsJanuary 25, 2013The company, a major manufacturer of ATMs, said the move was "in our stakeholders' best interests to make a change in leadership at this time."
More Than Half of Banks Hit by DDoS Attacks Last Year, Study FindsJanuary 23, 2013In a recent survey conducted by the Ponemon Institute, more than half of the banking IT professionals in the study said their bank had experienced at least one DDoS in the previous 12 months.
Bank Websites Must Meet Digital Customers' Needs, Says ForresterJanuary 23, 2013The secure websites of the largest retail banks in the U.S. are not evolving to meet the current needs and expectations of consumers in a digital environment, said the research firm.
Top E.U. Banks Told to Write "Living Will"January 23, 2013Top banks in the European Union
must present so-called "living wills" by the year-end spelling
out how they would survive a crisis without taxpayer aid.
Branch Closures Revved Up in Late 2012, Study FindsJanuary 22, 2013The pace of branch closings in the U.S. more than doubled in the last quarter of 2012 as banks looked to cut costs, a new report by SNL Financial found.
Webster Bank Names New CIOJanuary 18, 2013Colin Eccles, former CIO at Umpqua, will focus on development of e-banking solutions at Connecticut-based Webster Bank.
BBVA Unveils Mobile RDC for iPhoneJanuary 18, 2013The bank said the features will soon be available for the iPad and Android devices as well.
Mortgage Cases to Test U.S. Use of Once-Obscure Fraud StatuteJanuary 17, 2013Banks are testing U.S. authorities' use
of a once-obscure statute to bring more cases tied to the
financial crisis, arguing the government is twisting the law
beyond what it can do.
New CFPB Regulations Target Mortgage ServicersJanuary 17, 2013The CFPB announced new rules today regulating the mortgage servicing industry in the hopes of helping struggling borrowers.
Tycoons Shunning Financial Services as They Get RicherJanuary 17, 2013Tycoons are shunning banks and
wealth managers, preferring to put a flood of money from selling
stakes in companies into property and new ventures rather than
trust industries whose reputations have been battered by the
global financial crisis.
Reorganize Banks That are 'Too Big to Fail,' Says Fed's FisherJanuary 16, 2013U.S. authorities should
reorganize the country's largest banks to protect against the
risk of institutions that are "too big to fail" and that would
saddle ordinary Americans with the cost of a bailout the next
time they get in trouble, a senior Federal Re
Early EMV Compliance Benefits U.S. MerchantsJanuary 16, 2013Even though the deadlines for merchants to comply with EMV are a few years off businesses can save money and prevent fraud if they accept EMV as soon as possible.
JPMorgan Slashes CEO Dimon's Bonus Due to 'Whale' TradeJanuary 16, 2013JPMorgan Chase & Co's
board of directors cut Chief Executive Jamie Dimon's annual
bonus in half, citing the company's $6.2 billion "London Whale"
trading loss, the company said on Wednesday.
Green Dot Puts Banks in the CrosshairsJanuary 15, 2013The prepaid financial services company launched GoBank, which it says is a mobile bank account for the smartphone generation.
Fiserv Acquires Competitor Open SolutionsJanuary 15, 2013Fiserv acquired Open Solutions in a deal announced this morning, adding Open Solutions' technologies - such as parts DNA core processing platform - to Fiserv's offerings.
